Composite LPG Cylinders Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Financial Impact Analysis)
ID : MRU_
114987 | Date :
Feb, 2023 | Pages :
182 | Region : Global |
Publisher : Ri research
The report offers detailed coverage of Composite LPG Cylinders industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Composite LPG Cylinders by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Composite LPG Cylinderss have a huge variety of uses, most significantly domestic use. They are suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, they are employed across many different sectors such as boating, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
Composite LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
In the past several years, the global composite LPG cylinder market is relatively stable with a Compound Annual Growth Rate of 9.86%. In 2015, the global actual production of composte LPG cylinder is about 5840 K Units, with a total capacity of nearly 7800K Units.
Due to the regulations in Europe and North America, the composite LPG cylinder industry is relatively concentrated, the manufacture technology of steel cylinder is highly mature, while the market of composite cylinder is in fast growth, which has been taking a noticeable market share for more than ten years. However, in China, the composite LPG cylinder is not that popular,
The composite LPG cylinder can be used in different fields, like home use and automotive, institutions & commercial applications, etc. Kitchen and domestic use is the largest application of composite LPG cylinder.
The two largest producers of LPG cylinder in the world are Hexagon Ragasco and Aburi Composites, which takes a combined share of 35.90% in 2015.
Due to the superior performance of composite LPG cylinder, the steel LPG cylinder must be replaced by composite LPG cylinder gradually. And with the development of technology, there will be better materials to be developed. So the current material also has the danger of replacement.
The report forecast global Composite LPG Cylinders market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Composite LPG Cylinders market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Hexagon Ragasco
Aburi Composites
Time Tech
Santek
Rubis Caribbean
Supreme
Composite Scandinavia
Gavenplast
RAD SANE HIDAJ
Sundarban Industrial Complex
Kolos
Metal Mate
EVAS
At the same time, we classify Composite LPG Cylinders according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
metal tank winding
composite material tank winding Market by Application
Kitchen and Domestic Use
Industries
Institutions & Commercial
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Composite LPG Cylinders market for the forecast period 2023 - 2030?
• What are the driving forces in the Composite LPG Cylinders market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Composite LPG Cylinders industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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